James Corporation reported net income of $88,000 for the year ended December 31, 2021 Included in net income was a gain on early extinguishment of debt of $100,000 related to bonds payable with a book value of $2,400,000 Each of the following accounts increased during 2021 What is the amount of cash used by financing activities for James Corporation for the year ended December 31, 2021 

A. $450,000 

B. $2,520,000 

C. $3,800,000 

D. $2,540,000